New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-29
CHAT ON TOPICS OF THE DAY
TALKS ABOUT CUES TIONS OF BUSINESS
AND POLITICS.

cussion of the probable effects of the strike in the
Conceivable coke region. There is q wide difference
of opinion as to what that effect will be- The imme-
diate result has been to stfen mp the iron market.
which was shading of trife. This has been mat
ter of congratuaton among some OF the iron men,
There others who fear that prolonged strike IN
the coke fields VII bring about n heavy Importation
OF iron from England which would eventually he DIS
astrous to the trade Joseph q. Butler. jr. who 10
one of the leading Brar Hill operators OF Youngstown
said dav or two ago The price OF iron Is down TO
such point that have fear of foreign iron coming
in even under this strike. have been successful mere
during the week in taking order for 10000 tons oil
iron which wac gwen by firm to cancel an Enghsh
engagement for like amount That does not ook very
much like foreign iron coming ill.," Concerning the
probable length OF the strike Mr.. Butler said that he
thought the operators would be Obliged to night IL oat
with the men, as they could not afford to yield
William f. Smith, ex Assistant Secretary of the
Treasury, who is now attorney tor the St. Panl ana
Manitoba Railroad, was around among his OLD Demo
Cratic political friends in tho course oil the week
He has been afflicted with affection OF the eyes aud
is mere for treatmsnt. Incidental to tho growth OF
the West and North west he mentioned the fact that
the railroad with which he Is connected IL building
about 900 miles of track this year When asked
about politics he replied that he was mcHmeu 10 "
lieve that Mr. Cleveland would he renomnated.
There will be no trouble about NewYork swinging
into line Tor the President said he. There mas
never been anS doubt in my mind but that ne wlI
tional Convntion."
In conversation the other day Dr. Smith. Health
Officer of this port said that nearly as lie could as
certain the charges OF the Democrats AM hnSwuhps
against him of being connected with rag disnieclhg
ring came from the fact that he had always taken
deep interest in sanitary conventions and IN All metb
DDS for improving the health of the country. Months
before the process of driving steam through the rag
bales was put N practice said the Doctor. u had
induced paper company to send apparatus for boil
ing rags to Egypt at expense OF $1,000 and all
the raps that were imported BE- them were treated
before being cent TO this country. II about this
time too, that / called meeting In this city oil the
leading physicians of the country and conferred about
the importation of rags and si matters connected
with the health of the country. Ny whole connection
with the matter and remote has come from u
desire to give the utmost protection that the powers
and duties of my office permitted mo to do"
An Irish-American who worked hard Tor Mr.. Blaine
in 1884 is Colonel A. L. Morrison who United
States Marshal for Arizona. The Colonel Is ener
getc speaker and good organizer. He has been In
New York tor seine weeks and IL devoting part oil
his time organizing tariff leagues which he believes
necessary for the protection OF the industries ami
labor OF the country. While was with the Colonel
he read lively extracts "A letter he had just
receive from New-M-xico, where he has some yonng
friends engaged in cattle raising. IL seems that the
neghborhood where his friends are had also been &C.
loced as tie grazing region OF desperate who
sought add to his drove of 800 or GOO cattle by
stealing from his neighbOrs The young men organ
lZed secret vigilance committee, caught tne 1cllOW
at his work. aud ran him out OF the neighoorhoOd lie
came back secretly with three other men 10 ply his
thieving work. and posse of the ranchmen got on his
trail and discovered him in camp. The description OF
the scene at this point was dramatic enough. The
desperate came out from his tent with cooked re-
volver in each hand and faced the muzzc- OF Win
chester rifles in the hands of the eight determined set
tiers lie ordered 10 throw NJ his hands, but
stood Ike animal at bay, refusing 10 make
motion 4 second time the demand was made that he
should drop his reviewers and throw up his hands
still he refused and the click OF hammer OF one of
the Win,hesters was heard as one OF the settlers
pulled trigger Fortunately for the desperate the gun
that the settlers meant and he surrendered
f1rlhwith. The three men with him made no resist
ance.
Merchants of New York have been deeply interested
in the invest atious that have been Ia progress under
the direction Of the Finance Committee Of the United
States Senate in the matter OF underyaluaoDs at the
Custom House. They nave extended over period OF
nearly two years aud nclusons have been reached
which will be submitted to Congress at the winter scs-
sion in the form of proposed laws One Of the princ
pal complaints has beeh directed against the consular
agents OF the Government abroad. many of whom aix
their certihcatons OF value OF imported goods without
any regard for the actual facts Consus who attempt
he fearless the discharge Of their duties and
deavOr to ascertain actual values before giving certi
cations osn acised by the people OF the town
in which tney reside Under the present s. stem the
consul is responsible to the State Depai tment. which
has little interest III the matter of Tor
the Government. IL Is said that the Senate Committee
has become pretty thoroughly impressed with the idea
that transfer of the whole consular service from the
State Department to the Treasury Department would
benefit the vice and largely stop undervauatiOns
The Treasury Department being directly interested
the matter of revenue. it is thought would be prompt
check the delinquencies OF the officials and would
bold then to strict accountability for their Official
actiUns
man of medium size, stouty built, with full bIshy
brown whiskers and amiable countcnance, who has
been at the Fifth Avenue Hotel for several days, il
II. Clay Frick, of Pttsburg. Mr.. Frick il about
thirty eight forty years of age, but has demon
strated his capacity nancier by securing control
of the Connellsville coke region, which lays undcr
tribute the iron manufacturing industry OF the
country. There only about $4,000 acres of the
coke field The furnaces where pig iron is made
Obliged to draw less on the Conuellsvillo
region tor coke In securing control OF the property
and production Mr.. Frick has amgssed fortune vari
ously estimated at from three to five million dollars
and is still increasing his wealth at rapid rate. He
is quiet, modest, sclt-possesscd man, pleasant com
panon, and well liked by his acquaintance.
There are few groups OF men that cannot be in
stanty interested by chat about large-sizcd BANK
checks or large sums OF money that have passed. be-
tween mon in business transactions. In a gathering
recently OF five or six men, most of whom at least
rcputsd to be wealthy, doubt expressed by each
one IL there is man in NewYork who could draw his
chech for million dollars and have il honored in
actual cash. One OF the group, prominent Gnancier
said II you will take up the back reports and run
the figures you will be asonished to sec how few
banks have actually million dollars in cash on hand
That tells the story at of any mans ability to
check out million dollars. We are in the habit on
this side OF the water Of thinking that 1mula
ton OF money In London is greater than in NcwYork
| knew of instance not long since which is a fair
illustration OF these million dollar checks London
man had business transaction ia which payment
was to be made to him OF SIS, 0J0 For business
reasons he did wish the checks to be passed as in
ordinary business transactions A check had been
given to him Mills, Gynn, Curric Il Co., who are
the recognized outside bankers OF the Bank OF Eng
land. lie went to them and demanded the cash for
the check. They had not 80 much money hgnd and
were Obliged to ask him to wait until they could 20 to
the Bank OF England and procure it. When he had
secured the cash he went to other bankers to make
depost Tbs second house refused to accept the
money on deposit until he had explained TO them 10
the fullest manner where he got it. They had never
hnd .n I,rpe a denosit made In cash at one time